City of Detroit - File #: 15-4881

• File #: 15-4881
• Version: 1
• Type: Resolution
• Status: New Business
• File created: 3/6/2017
• In control: Planning and Economic Development Standing Committee
• On agenda: 1/12/2017
• Title: Submitting reso. autho. Real Property at 12842 Mack Avenue, Detroit, MI 48215. (The Planning and Development Department entered into a Purchase Agreement dated November 15, 2016 with the Offeror. Under the terms of a proposed Purchase Agreement, the Property would be conveyed to the Offeror by Quit Claim Deed (the “Deed”) for Two Thousand Seven Hundred One Dollar and 00/100 Dollars ($2,701.00) (the “Purchase Price”). Offeror intends to rehabilitate and repurpose the property, a vacant two-story commercial building, into office space for their injection mold and 3-D printing business. The proposed use is a by-right use within the designated B4/General Business zoning district as per the City of Detroit Zoning Ordinance, Section 61-9-76 (21). Offeror shall, in addition, board up and /or secure the property within six (6) months of closing and apply for and obrain a Certificate of Occupancy for the property within twenty-four (24) months of closing, with a right of reverter, written into ...

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Submitting reso. autho. Real Property at 12842 Mack Avenue, Detroit, MI 48215. (The Planning and Development Department entered into a Purchase Agreement dated November 15, 2016 with the Offeror. Under the terms of a proposed Purchase Agreement, the Property would be conveyed to the Offeror by Quit Claim Deed (the “Deed”) for Two Thousand Seven Hundred One Dollar and 00/100 Dollars ($2,701.00) (the “Purchase Price”). Offeror intends to rehabilitate and repurpose the property, a vacant two-story commercial building, into office space for their injection mold and 3-D printing business. The proposed use is a by-right use within the designated B4/General Business zoning district as per the City of Detroit Zoning Ordinance, Section 61-9-76 (21). Offeror shall, in addition, board up and /or secure the property within six (6) months of closing and apply for and obrain a Certificate of Occupancy for the property within twenty-four (24) months of closing, with a right of reverter, written into the Deed, to be exercised by P&DD in event of default.) (REFERRED TO THE PLANNING AND ECONOMIC DEVELOPMENT STANDING COMMITTEE ON 1-12-17)

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